The past year has been a fruit one for the HKVCA. The Association has grown substantially, both in terms of membership numbers and the overall increase in beneficial impact we have had for members. We are unquestionably a better organization today than we ever have been in the past, and we continue to move from strength to strength. With a membership of over 320 firms, we remain dedicated to growing and expanding the diversity of our membership base, in Hong Kong and across the Asia Pacific region.
The Association in the past year hosted closed to 50 events, including the annual Asia Private Equity Forum, China Private Equity Summit and the Hong Kong Venture Capital Forum. We have also held a significant number of both formal and informal training sessions, and have engaged in extensive social and business networking events, having met on a regular basis with relevant government representatives as well as our professional colleagues involved in other industry associations at the local, regional and global levels. The HKVCA will continue organizing and supporting a greater number of industry-related activities. We are confident that both you and your colleagues will find much to value in the programs scheduled to be held throughout 2016.
We greatly value your continued involvement in the HKVCA. As renewal letters and invoices have been sent out recently, we sincerely invite you to renew your membership and continue to support our work in the Association.
For further inquiries, please contact Joanne Yuen or Shire Xie at sxie@hkvca.com.hk.
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Registration Platform Upgrade |
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In order to provide a better and more efficient user experience, we are pleased to announce that the new event registration platform will go live on 16th December next week. Offering users significantly more features and functionality, we will work hard to ensure that the upgrade process is as smooth as possible. Should you have any inquiries, please do not hesitate to contact us at hkvca@hkvca.com.hk.
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HKVCA Christmas Cocktail 2015 |
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On the evening of Thursday, 10th December, the HKVCA held its annual Christmas Cocktail event at the elegant China Club. With close to 100 people in attendance, and drawing from all sectors of our industry, the party was an enormously festive and celebratory affair.
George Chan, Managing Editor of SCMP.Com, delivered a most memorable and timely speech on the importance for tech start-ups, and indeed the entire investment industry, to incorporate a philanthropic mission as part of its business strategy.
"Is it just about making money, getting higher returns for your investors, or getting your portfolio companies to launch their IPOs as quickly as possible?", Chan asked the audience.
While acknowledging that private equity and venture capital funds are not "charity organizations", and indeed must make money if they hope to stay competitive, he added: "But if you want to make a difference, then you need to think about what your mission is."
Chan then went on to challenge the industry by suggesting: "[T]he next time you sign a deal, pause to consider what kind of impact you and your business partners can have to make the world a better place, and what your real mission and purpose is or should be."
We would like to extend our special thanks to George Chan for his wise and valuable words. We would also like to thank our Venture Committee for being the lead organizing committee for the event and our cocktail sponsors, Suzanne Callister from Alter Domus and Simon Mak from Ascent Partners. Last but not least, the HKVCA would like to thank most sincerely all the participants who helped to make this event a most remarkable evening.
Please click here for George's article.
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Another successful HKVCA wine tasting evening, our 15th such event in 2015, was held on 23rd November at the Hong Kong Club. The event's theme - "all roads lead to Rome Tuscany!" - proved most popular, attracting a large number of professionals. Our Master of Wine, Debra Meiburg, took the audience on an informative and entertaining journey offering a fabulous selection of Italian wines. The evening was great fun and the Association received a lot of positive feedback from those in attendance. We would like to thank our organizing committee, especially Marcus Thompson, Alain Fontaine and Anthony Chan, and, for being part of another very successful event. And of course our special thanks goes to our sponsors, Alter Domus and Clifford Chance, without whose support the event would not have been possible.
Please click here for more photos.
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HKVCA Members Event
Limited seats available
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Cocktail Sponsor:
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January 19, 2016 (Tue) |
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18:30 - 21:30 |
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The Hong Kong Country Club, |
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188 Wong Chuk Hang Road, Deep Water Bay, Hong Kong |
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Table Booking: |
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Full Table (12 persons): HK$20,000 |
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Half Table (6 persons): HK$11,000 |
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Individual Booking: |
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HKVCA Member: HK$1,900 |
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Platinum Sponsors |
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Luncheon Sponsor |
Cocktail Sponsor |
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Coffee Sponsor |
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Lanyard Sponsor |
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Highlights of APEF2015
Special Rate for Early-bird Membership Renewal
(Payment Deadline: December 24, 2015) |
CORPORATE FULL MEMBER
Renew HKVCA Membership 2016 with payment by December 24, 2015 |
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1. One free pass for each member firm |
FREE PASS |
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2. Additional pass for each member firm |
HK$4,500 / US$580
HK$3,300 / US$425 |
CORPORATE ASSOCIATE / OVERSEAS MEMBER
Renew HKVCA Membership 2016 with payment by December 24, 2015 |
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1. One pass at special rate for each member firm |
HK$3,100 / US$400 |
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2. Additional pass for each member firm |
HK$4,500 / US$580
HK$3,300 / US$425 |
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Early-bird rate for Non-Member (Payment Deadline: December 18, 2015) |
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Registrants of Asian Financial Forum |
HK$4,500 / US$580
HK$3,300 / US$425 |
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Non-member |
HK$7,800 / US$1,005
HK$6,800 / US$875 |
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Members of Supporting Organisations |
HK$6,240 / US$805
HK$5,440 / US$700 |
EARLY-BIRD SPECIAL PACKAGE*
*For HKVCA Members Only |
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*Early Bird Special Package of AFF + APEF
(* Payment deadline is December 18, 2015)
Asian Financial Forum (AFF) + HKVCA Asia Private Equity Forum (APEF)
AFF website:
http://www.asianfinancialforum.com/en/index.htm |
HK$13,100 / US$1,680
HK$7,600 / US$975 |
Free LP Passes
We have a limited number of free passes for Pension Funds, Fund of Funds, Endowments, Foundations, Family Offices, DFIs and Sovereign Wealth Funds (subject to verification and max. 2 passes per company). If you would like to apply, please email to apef@hkvca.com.hk.
6.5 CPT points can be claimed after attending the full-day event.
 
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Date: |
January 21, 2016 (Thu) |
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Time: |
10:30 - 16:00 |
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Venue: |
Office of Debevoise & Plimpton, 21/F AIA Central |
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1 Connaught Road Central Hong Kong |
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Fee: |
HKVCA and EMPEA Member: complimentary |
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General registration: US$495 per person |
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Click here to register for the EMPEA Fundraising Masterclass, hosted in collaboration with HKVCA.
**HKVCA Members receive complimentary registration for the event, and can register by checking the Non-Member option, and entering the coupon code “HKVCAcomp” (case sensitive). |
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March 4, 2016 (Fri) |
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Check in and breakfast: 07:15 |
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Shotgun Start: 08:15 |
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Venue: |
The Hong Kong Golf Club (Fanling) |
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No. 1 Fan Kam Road, Sheung Shui, New Territories |
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Gold Sponsors |
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Please click here.
New Members Welcome
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Full Members
Bravia Capital
Cobalt Equity Partners Limited
Cobalt Equity Partners is an Asian private equity firm featuring the unparalleled combination of strong industrial pedigree from General Electric with a 15-year proven successful track record. As a team formerly associated with GE Private Equity Asia Pacific, it consistently outperformed Asian and global private equity top quartile benchmarks.
Moussecentral Limited
Mousse Partners is a leading US family office headquartered in New York City, with offices in Hong Kong and Beijing. Mousse has pioneered investing in alternative assets across many strategies and geographies, and has been a very active investor in Asia over the past decade.
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Associate Members
Jones Day
Jones Day is a global law firm with 42 offices and more than 200 private equity lawyers that advise on the full range of private equity transactions including leveraged buyouts, managed buyouts, venture and growth capital investments, recapitalizations, exits, fund formations, private placements, and public to private transactions.
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Mintz Group
The Mintz Group has a team of more than 120 investigators, including former investigative reporters, prosecutors, investigators from international organizations and former intelligence officers, with offices in twelve cities globally, including in US, Asia, Europe, South America and Africa. It specializes in providing multi-national corporations, law firms, investment banks, asset management firms and financial institutions with investigative services related to litigation, due-diligence, and internal investigations. Simply put, it specializes in fact-gathering around the world before relationships, during disputes, and after allegations of fraud.
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Overseas Associate Member
Fundnel PTE Limited
Fundnel is Asia's first collaborative fundraising platform that connects private businesses with opportunities via a community of investors and the collective power of the crowd. With a proven team of former investment bankers, strategy consultants and serial entrepreneurs, we are expanding into other Asian markets aside from our headquarters in Singapore.
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Recent Events Report
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HKVCA Luncheon Talk
3 December 2015
HKVCA held another successful weekly luncheon talk on 3 December 2015. Velisarios Kattoulas, Chief Executive Officer, and Alastair Campbell, Director of The Poseidon Group, discussed the impact of the economic slowdown in China on emerging markets politically and economically. Held at the China Club, all available seating was fully occupied and attendees enjoyed the interactive atmosphere.
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HKVCA Luncheon Talk
30 November 2015
A brownbag luncheon talk with speakers from Ernst & Young was held on 30 November 2015 at EY's Hong Kong offices. The talk was on the topic "Nine Months after Announcement 7: Sharing War Stories and the Markets' Response" and the speakers shared their experiences dealing with Announcement 7 reporting and tax filing, and highlighted a number of new supplementary regulations. They also discussed with 46 participants how Announcement 7 is impacting the transaction environment and practices. We would like to express our thanks to our extremely knowledgeable speakers and offer special thanks to our sponsor, Ernst & Young, whose support made the event possible.
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HKVCA Young Professionals Mixer - Beer Pong Fund Raising Competition
20 November 2015
The HKVCA annual Charity Fundraising Beer Pong Competition, organized by the Young Professionals Committee, was held on November 20, 2015 at the sensational Deja Vu bar in Lan Kwai Fong. Sixteen teams entered the competition, with the team from AlpInvest emerging as the overall winner while the team representing Citi were runners-up.
The evening proved to be a tremendous success with HK$24,000 (ex-costs) fundraised for the Volunteers for Seniors Day program (by HOPE Worldwide). The program works with a number of different community partners and volunteers who visit thousands of single, elderly persons each year living in public housing estates. The elderly are given packages containing various necessities and the visitors help them tidying their homes. The HKVCA would hereby like to thank the more than 100 participants who helped turn this very special event into an evening to remember.
Please click here for more photos.
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HKVCA Luncheon Talk - The Integrity Due Diligence Process
16 November 2015
The HKVCA hosted a luncheon talk on Monday, 16 November discussing the importance of due diligence from the financial perspective and how effective due diligence can help mitigate risk and promote value creation. Held at the China Club, the lunch attracted over 60 HKVCA members.
We would like to thank Blackpeak (HK) Ltd for their sponsorship and for hosting this important topic. During the talk, Jack Clode, Partner at Blackpeak (HK) Ltd, Sean Chen, Director and Head of the Beijing Office, Tom Pellman and Roger Du, Senior Associates, addressed the integrity due diligence process and presented a case study highlighting the way due diligence is often conducted in China, with practical tips for analysis.
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HKVCA Members Breakfast Meeting
6 November 2015
Our monthly breakfast meeting, held at the Hong Kong Club on Friday, 6 November, was once again oversubscribed with more than 70 members in attendance. This successful monthly event would not have been possible without the sponsorship of FTI Consulting to whom we would like to extend our thanks for helping making this great networking event possible for our members.
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Industry News
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EMR Capital, Farallon, Two Indonesian Investors Buy G-Resources' Gold Mine for $775m
24 November 2015
(DealStreetAsia by Vincencia NLS) - Australian private equity group EMR Capital and United States-based private equity manager Farallon Capital Management have joined two Indonesian investors to acquire 95 per cent stake of Hong Kong listed G-Resources-owned mining asset for $775 million.
PT Agincourt Resources, a subsidiary of G-Resources, operates the profitable Martabe gold mine in western Sumatra that began production in 2012, almost a year after gold price hit an all-time high of $1,888 on ounce in September 2011. It has recently fallen to the lowest in almost six years and traded at around $1,075 in the spot market in Asia Monday morning.
View full article here
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China Everbright Eyeing European Assets
20 November 2015
(FinanceAsia by Ray Chan) - China Everbright Ltd. plans to launch at least two private equity funds to invest in airports and infrastructure assets in Europe in response to Beijing's "One Belt One Road" initiative.
Chen Shuang, China Everbright Ltd.'s chief executive officer, told reporters in Chongqing that plans to create a China-centred infrastructure network spanning more than 60 countries are propitious given his ambition to turn the Hong Kong-listed multi-asset manager into "China's Blackstone."
View full article here
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Sailing, Freeman Financial Launch Securities Brokerage JV in Shanghai FTZ
13 November 2015
(China Money Network by Jillian Yue) - Sailing Capital and Hong Kong-listed Freeman Financial Corporation Limited have agreed to launch a joint venture securities brokerage firm in the Shanghai Free Trade Zone, according to a regulatory filing.
Sailing Capital, backed by state-owned conglomerate Shanghai International Group, and Freeman Financial Corporation will each commit RMB350 million to the new venture, which is seeking to secure RMB3.5 billion in total registered capital.
View full article here
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Hong Kong Body to Make LP Legislation Recommendations
3 November 2015
(PEI by Lucia Dore) - Some members of the local legal community are also expecting a public consultation on changes to limited partnership legislation that would allow private equity funds to be established on-shore.
Hong Kong-based Financial Services Development Council (FSDC) is expected to publish within the next few weeks a lengthy paper with recommendations on changes to limited partnership legislation.
The FSDC is a research and advocacy organisation that seeks to promote Hong Kong as a financial centre.
View full article here
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